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Western Asset New Jersey Municipals Fund Class A SHNJX
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | SHNJX | Replication |
|---|---|---|
| Annualized growth | 0.1% | 0.0% |
| Annualized volatility | 4.8% | 4.7% |
| Sharpe ratio | 0.04 | 0.03 |
| Maximum drawdown | 12.6% | 11.4% |
| Replication fit (R²) | 0.95 · Tracking error 1.1% | |
Replication portfolio
The published portfolio below is the investable basket used to model SHNJX’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| MUB | FI · Municipal | 96.5% |
| SCHP | FI · TIPS | 3.5% |